Futureproofing Treasuries - Is it Possible?

Despite a conducive ecosystem and easy access to technology, treasurers may face several challenges in embarking on the transformation journey, namely due to a lack of awareness around how to effectively leverage said technologies.

Avalon Healthcare required a new TMS provider in order to tackle a number of pain points left unresolved by their previous provider. Solutions to these issues were delivered by TreasuryXpress, with the vendor catering to Avalon’s complex and specific needs.

The TMS has become a staple within the Treasury industry thanks to the introduction of cloud computing. Modifications to the cloud model are poised to take services to the next level by offering seamless integration with third-party systems.

A collaborative and consultative approach is vital when it comes to the implementation of any treasury management system. A combination of in-house consulting from a systems provider and the use of qualified, certified and competent external implementation partners can make a real difference in ensuring maximum added value from your TMS.

In order to monitor how today’s corporate treasury functions are preparing to transform to Treasury 4.0, HSBC commissioned a survey answered by over 200 corporate treasurers from large-scale businesses around the world. The research delved into the extent of change treasury teams expect, as well as the technology, treasury techniques, and team talent they believe will be transformative in the near future.